Thursday, February 28, 2013

China's urbanization rate hits 52.57% in 2012

China's urbanization rate, urban population/the country's total population, hit 52.57% at the end of 2012, up 1.3% from a year earlier, according to data released by the National Bureau of Statistics (NBS) on 18 Jan. 2013. China's total population was 1.35 billion at the end of 2012, 6.69 million more than the figure at the end of 2011, released by the NBS.

China's GDP(gross domestic product) hit USD8.28 trillion (RMB51.93 trillion) in 2012, up 7.8% year on year, according to data released by the National Bureau of Statistics (NBS) on 18 Jan. 2013. The GDP growth rate was 9.3% in 2011 and 10.4% in 2010, and last year is the first time that the GDP growth rate has dropped below 8% since 1999.
China's GDP growth rate rose to 7.9% in Q4 2012, ending a seven-straight-quarter slowdown, as shown by the data from the NBS. The GDP growth rate was 7.4% in Q3 2012, 7.6% in Q2 2012 and 8.1% in Q1 2012. Although China's GDP growth rate in 2012 recorded the lowest point in recent ten years, it was still higher than most forecasts, boosted by the strong trade performance in December, as well as improved consumption and investment near the end of the year.

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